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IoT in Logistics Market Size, Research & Analysis pr

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The global IoT in the logistics market is estimated to garner a revenue of USD 118 Billion by the end of 2033 by growing at a CAGR of ~13% over the forecast period, i.e., 2023 – 2033. – PowerPoint PPT presentation

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Title: IoT in Logistics Market Size, Research & Analysis pr


1
Global IoT in Logistics Market Growth to be
Propelled by Growth in the Mobile Devices by
CAGR of 13 During 2023 2033 Kenneth Research
published a report titled IoT in Logistics
Market Global Demand Analysis Opportunity
Outlook 2033 which delivers a detailed overview
of the global IoT in the logistics market in
terms of market segmentation by application,
technology, organization size, industry vertical,
and by region. Further, for the in-depth
analysis, the report encompasses the industry
growth indicators, restraints, and supply and
demand risk, along with a detailed discussion of
current and future market trends that are
associated with the growth of the market.
The global IoT in the logistics market is
expected to grow at 13 CAGR over the forecast
period, i.e., 2023-2033. The market is segmented
by application into location management,
inventory tracking warehousing, fleet
management, predictive analytics, blockchain for
supply chain management, and self-driving
vehicles. Out of these, the location management
segment is anticipated to hold the largest share
over the forecast period involves locating goods
on a physical or virtual warehouse floor. By using
2
technology like RFID tags and sensors, warehouses
can constantly track the whereabouts of all
their inventory. For more informations_at_https//ww
w.kennethresearch.com/report-details/iot-in-
logistics-market/10085194 Improvements in
technology have made it possible for operators to
track items throughout their supply chains more
efficiently, which has led to increased
efficiency and decreased costs. The rise of
e-commerce and digital transformation,
improvements in automation and machine learning,
increasing adoption of artificial intelligence
(AI) technologies, and growing use of drones for
package delivery are expected to support the
growth of the market. Geographically, the global
IoT in the logistics market is segmented into
five major regions including North America,
Europe, Asia Pacific, Latin America, and the
Middle East Africa region. Out of them, the
market in the North America region is projected
to hold the largest market share by the end of
2033, due to rising adoption rates among major
enterprises. The adoption rate of IoT solutions
in the logistics industry is also rising, with
hundreds of startups entering the region's IoT
scene as a result of the expanding internet
penetration, including the 5G network, and
expanding e-commerce opportunities in the
region. The research is global in nature and
covers a detailed analysis of the market in North
America (U.S., Canada), Europe (U.K., Germany,
France, Italy, Spain, Hungary, Belgium,
Netherlands Luxembourg, NORDIC Finland,
Sweden, Norway, Denmark, Poland, Turkey,
Russia, Rest of Europe), Latin America (Brazil,
Mexico, Argentina, Rest of Latin America),
Asia-Pacific (China, India, Japan, South Korea,
Indonesia, Singapore, Malaysia, Australia, New
Zealand, Rest of Asia-Pacific), Middle East and
Africa (Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South Africa,
Rest of the Middle East and Africa). In
addition, analysis comprising market size, Y-O-Y
growth opportunity analysis, market players
competitive study, investment opportunities,
demand for future outlook, etc. have also been
covered and displayed in the research report.
3
Increasing Adoption of Artificial Intelligence
(AI) Technologies to Drive the Growth of the
Market As per recent statistics, in 2030, there
will be 21 billion AI instances, with 99 of
those instances deployed on Internet of Things
(IoT) devices, a nearly consistent percentage
over the course of the estimate. The other device
types, such as edge computing nodes, cloud,
mobile devices, tablets, and PCs, will make up
the remaining 99 of all AI deployments. IoT
involves attaching commonplace gadgets to the
web. This makes it possible to gather a lot of
data from many locations, increasing visibility
across activities. Smartphones are a typical IoT
application. Anyone can send and receive
information while moving around according to
them. Hence, it is projected to boost the growth
of the global IoT in the logistics
market. However, the lack of a standardized
platform, lack of standardization across
different IoT platforms, and security concerns
around data confidentiality and integrity are
expected to operate as key restraints to the
growth of the global IoT in the logistics market
over the forecast period. This report also
provides the existing competitive scenario of
some of the key players of the global IoT in the
logistics market which includes company profiling
of IBM Corporation, Microsoft Corporation,
Intel, SAP, FedEx Corporation, XPO Logistics,
Cisco Systems, NC., Honeywell International Inc.,
AT T Inc., Robert Bosch GmbH, and others. The
profiling enfolds key information of the
companies which encompasses business overview,
products and services, key financials, and recent
news and developments. On the whole, the report
depicts a detailed overview of the global IoT in
the logistics market that will help industry
consultants, equipment manufacturers, existing
players searching for expansion opportunities,
new players searching for possibilities, and
other stakeholders to align their market-centric
strategies according to the ongoing and expected
trends in the future.
4
Request Report Sample_at_ https//www.kennethresearch
.com/sample-request- 10085194 Kenneth Research
is a leading service provider for strategic
market research and consulting. We aim to
provide unbiased, unparalleled market insights
and industry analysis to help industries,
conglomerates, and executives to take wise
decisions for their future marketing strategy,
expansion and investment, etc. We believe every
business can expand to its new horizon, provided
the right guidance at a right time is available
through strategic minds. Our out-of-box thinking
helps our clients to take wise decisions to avoid
future uncertainties. Contact for more
Info AJ Daniel Email sales_at_kennethresearch.com
U.S. Phone 1 313 462 0609
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